Decision details

Property Liability and Terrorism Insurance

Decision Maker: Cabinet Member for Finance and Performance

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

1.         To award the Corporate Property insurance contract to Protector at an annual premium of £746,800 from the period 1 April 2022 to 31 March 2027 (total estimated maximum premium of £4,032,724 over five years) based on a three-year contract with provision to extend for a further two years.

 

2.         To award the Corporate Terrorism insurance contract to Charles Taylor Services at an annual premium of £65,542 from the period 1April 2022 to 31 March 2027 (total estimated maximum  premium of £325,218 over five years) based on a three-year contract with provision to extend for a further two years.

 

3.         To award the Corporate Liability insurance contract to Zurich at annual premium of £383,086 from the period 1 April 2022 to 31 March 2027 (total estimated maximum premium of £2,068,664 over five years) based on a three-year contract with provision to extend for a further two years.

 

The total maximum value of the three contracts is £6,426,606

 

Publication date: 23/02/2022

Date of decision: 03/03/2022

Effective from: 11/03/2022

Accompanying Documents: